Wells Fargo Downgrades Heartland Express (HTLD) to Market Perform; Costs Under Control, Fleet In Excellent Shape But Limited Upside

Wells Fargo downgraded Heartland Express (NASDAQ: HTLD) from Outperform to Market Perform. Valuation Range: $17-$18 from $18-$20.

Wells analyst says, "HTLD uniquely combines a low cost structure with a very high service offering targeting shippers that demand exceptional service. We think this service component will be a distinguishing feature as truckload capacity remains tight over our investment horizon. However, valuation keeps us Market Perform."

For more ratings news on Heartland Express click here and for the rating history of Heartland Express click here.

Shares of Heartland Express closed at $16.30 yesterday.

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